Recall the Application about the impact of disability insurance benefits on the labor force participation rate to answer the following question(s).According to the results of the study featured in the Application, an increase in the disability benefits received by veterans resulted in:
A. no change in the labor force participation rate for those qualified to receive the benefits.
B. a lower labor force participation rate for those not qualified to receive the benefits.
C. a higher labor force participation rate for those qualified to receive the benefits.
D. a lower labor force participation rate for those qualified to receive the benefits.
Answer: D
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Which of the following is not an automatic stabilizer?
a. the minimum wage b. the unemployment compensation system c. the federal income tax d. the welfare system
Which of the following refers to the extra cost of shifting to more expensive home production following the imposition of a tariff?
A. Revenue effect B. Deadweight loss C. Producer surplus D. Production effect
The level of consumption tends to rise as credit availability _____ and the stock of durable goods in the hands of consumers is _______.
A. rises; high B. rises; low C. falls; high D. falls; low
You and your sister share a room. Your sister prefers sleeping with all windows closed, while you prefer sleeping with at least one window open to let in some fresh air
Since neither of you are willing to give up your own preferences, you end up fighting every night. Is there a possible solution to this problem if you value keeping your windows open at night for $100, while your sister values keeping the windows closed at night for $80?